The optical communication sector showed broad strength during regular trading on October 2, with most constituents posting gains. As of 9:45 AM ET, mainstream names in the sector were generally higher, with active trading. Marvell Technology (MRVL.US) stood out with gains exceeding 3%, leading the sector higher. Overall, 11 of 12 constituents advanced while only one declined slightly, indicating investors remain optimistic about the optical communication industry outlook.
Specifically, Marvell Technology last traded at $277.018, up 3.33% from the previous close, with volume of 3.11 million shares and turnover of $862 million. Among other mainstream names, POET Technologies (POET.US) rose 2.58% to $7.837, Coherent Corp. (COHR.US) gained 2.10% to $325.890, Nokia Corporation (NOK.US) advanced 1.93% to $10.570, and Applied Optoelectronics (AAOI.US) rose 1.84% to $109.290. Lumentum Holdings (LITE.US) traded at $1,048.738, up 0.28%; Axcelis Technologies (AXTI.US) at $82.031, up 0.27%; and Corning Incorporated (GLW.US) at $161.970, up 0.97%.
Among derivative names, performance was mixed. MVLL.US led the sector with a 6.77% surge to $39.227 on volume of 735,500 shares; AAOX.US rose 3.43% to $11.015 with active trading; LITX.US gained 1.14% to $39.415; while LITZ.US declined 0.74% to $20.250, the only decliner in the sector. Overall, the optical communication sector showed broad-based gains during today's regular session with notable capital inflows.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| MVLL | MVLL.US | 39.227 | +6.77% |
| AAOX | AAOX.US | 11.015 | +3.43% |
| Marvell | MRVL.US | 277.018 | +3.33% |
| POET | POET.US | 7.837 | +2.58% |
| Coherent | COHR.US | 325.890 | +2.10% |
| Nokia | NOK.US | 10.570 | +1.93% |
| AAOI | AAOI.US | 109.290 | +1.84% |
| LITX | LITX.US | 39.415 | +1.14% |
| Corning | GLW.US | 161.970 | +0.97% |
| Lumentum | LITE.US | 1048.738 | +0.28% |
| Axcelis | AXTI.US | 82.031 | +0.27% |
| LITZ | LITZ.US | 20.250 | -0.74% |